Wednesday, December 22, 2010

Zac Homes Meeting

So here's the gist. Zac homes can design a home and work with your budget, that's a good thing. The quality of their home is also much better then the project homes so that's another big plus. The problem though is the price is slightly dearer but the inclusions are obviously better.

1m2 = $1150 as of the 22/12/2010

Peta was keen on a 36-40 square home seeing this covered of all the room she wanted. Eden Breas Cremorne 37 would come to about $330k but we would still have to pay for fencing and things like that. But the house would have the squares she wants, but the design isn't 100% what we want. 1 Square is 9.29m2. To put it into perspective:

36 Squares = 334.44m2 = $384,606
37 Squares = 343.73m2 = $395,289
40 Squares = 371.60m2 = $427,340

We've been looking at what we can afford, looking at our plan we can probably go to $340k if there were no surprise costs. I'd like to keep 10k aside though for any hidden surprises that pop up.340k would be 295.65m2 equalling 31.82 squares.

Considering 1 square is 9.29m2 you're losing a room basically for each square you take away.

Zac homes are realistic and because of the custom design they believe if the space is used wisely the home won't feel small at all and it should be like there's no difference to what you want. They work with your budget, what you want and if rooms need to be bigger etc they take out things, inclusions and such. Take the carpet out to do later for example and add you can afford to add a square to the home.

Lots of things to think about over the next few weeks. We have scheduled another meeting Jan 20th to take the plunge. Until then we're going to try and work out how we can get what we really want. Perhaps a second job? I doubt it.

Emailed a friend today whose father in law use to own a large home company in NSW. He might have some advise for us or perhaps even know some people still in the game that could do a better deal. Worth asking anyway, can't hurt. He might be able to tell us how to get the bang for our buck.

All fun and games over the Christmas break.

Monday, December 20, 2010

Meeting with Zac Homes

Tomorrow morning we will be meeting with Zac homes for a sit down discussion about them, their prices, their work and what they can do for us. I'm putting together a list of expectations to give to them so we can get a realistic estimate from them. Lets see how this goes.

We did go check out some of their homes last week and most of them were pretty impressive. They were well built, nice designs and modern facades so couldn't knock them back.

Saturday, December 11, 2010

Zac Homes Maybe?

Well it's been a long time, my little boy was in Hospital for a week due to having Adenovirus and Viral Pneumonia. Wasn't good to see him like this and the house plans basically came to a stop.

Some good news is that yesterday was the end of our cooling off period, it's now official we own our very own lot at Jordan Springs now. We handed over the 5% deposit and now we wait.

Still thinking about what home to build. We were side tracked a bit so we'll have to get our heads back in the game. Here's a few photo's of roughly where our block is going to sit. Our block is in line with this street and will be basically where those tress are on the left on that hilly bit.

While we were on the tour we also found out about a company called Zac homes. I like the sound of what these guys do and seeing they are a Penrith based company I like the fact of supporting locals.

These guys for $950 can create a custom designed home based on what you're after in a home and also design the facade. They told me if you've seen it somewhere else you can pretty much have your home the same way. They also allow family members on site during the construction to do work on the home if you want to save some money. They're estimating about $1000 per sqm, which sounds great. I'm going to research them and see if I can view some houses that they have done, but this might be a good option for us seeing none of the designs are perfect yet.

I jumped onto and played around with a ground floor idea I'm playing with, I did 3 of them and so far the below is the best one. I'm sure the builders could spruce it up even more. What do you think? Wonder if Zac Homes can do something like the below.

Saturday, December 4, 2010

Our Lot on Paper and Design Controls for the Lot

Thought I'd share some information on the lot that we bought and our reasoning behind the choice. The Lot is 1182 and it's on a road called "Crimson" St. We did have the option of buying 1186 at one point also but being South Facing we thought it would be better for us to stick with a North Facing block, this reduces our BASIX costs, allows the sun in the backyard and also puts us on the higher side of the street for drainage. 

The only possible annoying thing is that the block to the right of us has the option of building on a zero boundary. This means instead of a fence going the complete run, they may choose to have there garage wall as part of the fence, meaning we have a brick wall to look at down that side. This is very common these days, and every new estate we looked in are now doing this. It doesn't mean they have to but it's possible. The good thing is they can't have any windows on it, it can't be a living room, and if they build a two storey home they have to be 1m in on the second storey. We'll just have to get creative with dressing the side access up somehow if that happens.

Design controls at Jordan Springs are pretty good, I just included the basic block one, but overall they're pretty relaxed. What I do like is that the council part of he driveway has to be plain concrete for every house, this makes the area look consistent. The fence also has to be he one colour in the area also.

Pretty happy now, it's locked in. We're heading there today to walk around and take some photos. I don't think we can get to our block yet but we're allowed to walk around the roads they have done already. 

Thursday, December 2, 2010

W00t!!! Green Light Baby!!

Westpac have quickly come back to us and given us the green light and unconditional approval on the loan for the land. We are now the new owners of a block of land at Jordan springs in Sydney's West. We also have conditional approval on the building loan, basically we just need a building contract under or at the price of the loan and that's a green light.

Peta is very happy and thank god for Westpac!

Baby Jordan will be moving to Jordan Springs.

Wednesday, December 1, 2010

Conditionally Approved - Take 2

Good news, Westpac have approved the loan conditionally today. The land valuation has been ordered again, but this time with Westpac. Crossing fingers all goes well this time. They use their own evaluators which is also a good thing.

The good thing about this is that Westpac have been lending in the area already at 97% and valuing the land with no issues for other borrowers, they have local valuators who have been valuing the land out there for a number of people and none of them have had issues. The other good thing is that unlike Bankwest, these guys have also already conditionally approved the construction loan. We didn't even get that far with Bankwest.

After this it will then go to the insureres, and again Westpac use their own, and again they have done this for other borrowers in the Jordan Springs area.

Oh Westpac, please make our Christmas dreams come true.